# Applied Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1862965. Source: https://holderbook.com/funds/1862965-applied-capital-llc/

- Reported value: $310.4M
- Positions: 53
- Weight of the ten largest: 77.5%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $62.3M | 1,403,337 | 20.1% | 18 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $41.5M | 60,362 | 13.4% | 22 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $25.4M | 357,083 | 8.2% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $20.3M | 54,824 | 6.5% | 22 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $18.3M | 74,370 | 5.9% | 22 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $18.0M | 481,952 | 5.8% | 18 |
| VANGUARD SCOTTSDALE FDS | [BNDW](https://holderbook.com/stocks/BNDW/) | $16.9M | 247,229 | 5.5% | 17 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $15.4M | 370,116 | 5.0% | 18 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $12.1M | 141,621 | 3.9% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $10.3M | 172,430 | 3.3% | 22 |
| DIMENSIONAL ETF TRUST | [DFGP](https://holderbook.com/stocks/DFGP/) | $6.6M | 120,737 | 2.1% | 11 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $5.7M | 135,391 | 1.8% | 19 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $5.5M | 160,776 | 1.8% | 17 |
| INNOVATOR ETFS TRUST | [BALT](https://holderbook.com/stocks/BALT/) | $3.8M | 111,316 | 1.2% | 7 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $3.3M | 46,620 | 1.0% | 18 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $3.1M | 38,025 | 1.0% | 18 |
| DIMENSIONAL ETF TRUST | [DUSB](https://holderbook.com/stocks/DUSB/) | $3.1M | 60,249 | 1.0% | 10 |
| DIMENSIONAL ETF TRUST | [DEXC](https://holderbook.com/stocks/DEXC/) | $3.0M | 35,871 | 1.0% | 4 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $2.7M | 74,069 | 0.9% | 20 |
| DIMENSIONAL ETF TRUST | [DFAR](https://holderbook.com/stocks/DFAR/) | $2.7M | 103,831 | 0.9% | 17 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.2M | 29,661 | 0.7% | 22 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $2.2M | 45,367 | 0.7% | 17 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $2.1M | 38,926 | 0.7% | 19 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $2.0M | 41,146 | 0.7% | 12 |
| DIMENSIONAL ETF TRUST | [DEHP](https://holderbook.com/stocks/DEHP/) | $2.0M | 47,335 | 0.7% | 16 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $2.0M | 48,275 | 0.6% | 17 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $2.0M | 45,977 | 0.6% | 17 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $1.7M | 30,776 | 0.5% | 17 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.6M | 12,986 | 0.5% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $1.3M | 22,639 | 0.4% | 16 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $1.2M | 25,037 | 0.4% | 2 |
| DIMENSIONAL ETF TRUST | [DXUV](https://holderbook.com/stocks/DXUV/) | $1.1M | 17,288 | 0.4% | 8 |
| INNOVATOR ETFS TRUST | [BUFF](https://holderbook.com/stocks/BUFF/) | $1.1M | 21,522 | 0.4% | 8 |
| CALAMOS ETF TR | [CPSL](https://holderbook.com/stocks/CPSL/) | $729.1K | 26,113 | 0.2% | 4 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $679.2K | 14,024 | 0.2% | 22 |
| AMERICAN CENTY ETF TR | [AVXC](https://holderbook.com/stocks/AVXC/) | $658.4K | 7,687 | 0.2% | 9 |
| DIMENSIONAL ETF TRUST | [DXIV](https://holderbook.com/stocks/DXIV/) | $539.2K | 7,703 | 0.2% | 7 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $498.4K | 9,854 | 0.2% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $465.1K | 2,963 | 0.1% | 11 |
| INNOVATOR ETFS TRUST | [ZJUN](https://holderbook.com/stocks/ZJUN/) | $455.8K | 14,621 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $449.3K | 2,062 | 0.1% | 11 |
| INNOVATOR ETFS TRUST | - | $409.1K | 21,101 | 0.1% | 1 |
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $394.1K | 7,954 | 0.1% | 8 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $344.5K | 11,781 | 0.1% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $326.9K | 307 | 0.1% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $316.3K | 1,093 | 0.1% | 22 |
| AIM ETF PRODUCTS TRUST | [QBSF](https://holderbook.com/stocks/QBSF/) | $278.9K | 10,324 | 0.1% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $264.8K | 710 | 0.1% | 14 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $255.7K | 454 | 0.1% | 10 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $244.6K | 856 | 0.1% | 1 |
| INNOVATOR ETFS TRUST | [ZJAN](https://holderbook.com/stocks/ZJAN/) | $233.7K | 8,349 | 0.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $228.6K | 306 | 0.1% | 10 |
| INNOVATOR ETFS TRUST | [DDFL](https://holderbook.com/stocks/DDFL/) | $211.5K | 9,964 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.3% | +14.8% | -3.5% | 100% |
| Q1 2026 | -0.9% | -4.6% | +3.8% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.7% | 100% |
| Q2 2025 | +8.6% | +10.5% | -1.9% | 100% |
| Q1 2025 | -1.2% | -4.6% | +3.3% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.1% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $310.4M | 53 |
| Q1 2026 | $267.9M | 50 |
| Q4 2025 | $259.8M | 52 |
| Q3 2025 | $248.2M | 48 |
| Q2 2025 | $227.3M | 46 |
| Q1 2025 | $203.8M | 47 |
| Q4 2024 | $194.8M | 47 |
| Q3 2024 | $194.5M | 46 |
| Q2 2024 | $174.3M | 38 |
| Q1 2024 | $168.5M | 39 |
| Q4 2023 | $178.9M | 41 |
| Q3 2023 | $163.1M | 37 |